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The following content is a news release distributed by . The original news release may be found here.

Helmerich & Payne Announces Agreement to Acquire KCA Deutag

TULSA, Okla. & ABERDEEN, Scotland--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) (“H&P” or the “Company”) and KCA Deutag International Limited (“KCA Deutag”) today announced a definitive agreement under which H&P will acquire KCA Deutag for $1.9725 billion in cash. KCA Deutag is a diverse global drilling company. The company has a significant land drilling presence in the Middle East, which represents approximately two-thirds of the company’s calendar year 2023 Operating EBITD...

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